Binance Hit by Historic Hack: $5.8 Billion Drained, Part of It Frozen

A simple on-chain signal was enough to turn the evening of October 29 upside down. At 8:32 pm, researcher Spreek detects an anomaly on Ethereum. Four minutes earlier, a contract had emptied a Binance wallet of 167,464 ETH. In a few hours, several stablecoin issuers froze 2.54 billion dollars, while the exchange confirmed one of the biggest hacks in crypto history.

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